Reliance Industries, India's largest company by market capitalisation, and GAIL India, the largest transporter and marketer of gas, have sought licences to sell natural gas to households and vehicles across 60 cities in India.
Sources said that Essar group firm Aegis BPO submitted the EoI recently as the Essar group is trying to expand its BPO business. Both Aegis and Satyam BPO work with companies in telecom, banking, finance and insurance. Satyam BPO's biggest international clients reportedly include BellSouth, Verizon and GlaxoSmithKline
Most mutual fund players and life insurance companies are planning to bid for appointment as pension fund managers for all citizens after the Pension Fund Regulatory and Development Authority (PFRDA) today decided to seek expression of interest from prospective fund managers.
State run MTNL has taken to the franchise route to sell its 3G services in Delhi and Mumbai and has floated a global Expression of Interest for 3G Services Franchisee.
The government-appointed board of Satyam Computer Services will meet on Friday to scrutinise the bids for a 51 per cent stake in the company and decide a schedule for completing the selection process.
The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
The Hinduja Group on Monday said it is looking at bidding for Satyam Computer Services but yet to take a decision.
"There are eight companies (who have put in expression of interest)... RNRL is one of them," said A K Ahuja, managing director, Ratnagiri Gas and Power Pvt Ltd, the company that operates the nation's biggest gas-fired power plant and the adjacent LNG import facility. Others in the fray include state power utility NTPC and GMR. Ahuja said RGPPL will frame the bidding criteria and call for financial bids by next month.
The power major generates about 95 million tones of fly ash from its various units annually. Fly ash is an important raw material for cement business. However, the official did not specify where the projects would come up, or what would be the investment involved in the envisaged cement projects and NTPC's share in the JV.
Scooters India Limited (SIL), a public sector automotive company, is mulling foray into the electric two-wheeler segment and is presently evaluating the expressions of interest (EoIs) by some domestic companies for a possible collaboration. The Lucknow-based company aims to augment its product range from passenger three-wheelers to include green two-wheelers.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Board to meet investment advisors Goldman Sachs and Avendus today.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
Fresh trouble seems to be brewing for liquor baron Vijay Mallya, with Mumbai International Airport(MIAL) deciding to sell a mid-sized corporate jet owned by his group company.
Bhupendra Kumar Modi of Spice Corp on Thursday sent an expression of interest to the new Satyam Computer Services board to acquire the fraud-hit company.
The Andhra Pradesh government will invite expressions of interest for eight minor airports to come up in the hinterlands under a public-private sector initiative. The airports will be set up in Nellore, Kothagudem, Tadepallegudam, Bobbili, Ramagundam, Kurnool, Nizamabad and Ongole. Each airport project is expected to cost Rs 50 crore (Rs 500 million).
After losing out to Bangalore-based GMR group for the controversial Delhi airport modernisation contract, Anil Dhirubhai Ambani group is now set to battle it in Prague, the capital of the Czech Republic, for which bids are shortly to be invited. Late last week, ADAG company Reliance Airport Developers Private Limited submitted an expression of interest to the Prague airport authorities. the ADAG company is willing to take a 100 per cent stake in the airport.
According to the proposal, the railway would utilise the surplus land for development of facilities as part of agri retail chain at non-metro stations.
Seven public sector entities including the Life Insurance Corporation and State Bank of India on Friday submitted expressions of interest to the Pension Fund Regulatory and Development Authority
National carrier Air India, which will soon be merged with Indian Airlines, may partner Cochin International Airport for setting up an airframe maintenance, repair and overhaul facility near the Kochi airport, Kerala.
JSW Steel is learnt to have submitted its resolution plan along with AION Capital
The funds are likely to be invested as per the interim investment guidelines, which may allow investment of 5 per cent in equity and 10 per cent in equity-linked mutual funds.
A summary of sports events and persons who made news on Saturday
Indian Energy Exchange will start training in operations and online trading for its members soon.
The Slum Rehabilitation Authority of Maharashtra has once again extended the last date for submission of expression of interest for the Rs 10,000-crore (Rs 100 billion) Dharavi Redevelopment Project to August 30.
Hiranandani, K Raheja Builders, Gamon Infrastructure and Kalpataru are reported to have shown interest in the Rs 9,300-crore project, launched by the Slum Rehabilitation Authority (SRA) of the Maharashtra government.
Public sector entities Life Insurance Corporation, UTI AMC, State Bank of India and Punjab National Bank are among the front-runners to become pension fund managers under the new pension system.
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
M&M for sell-off of PSIDC stake in Punjab Tractor
The submission of EOI forms started on July 1 and was supposed to end on July 31.
Taj Group of Hotels will invest about Rs 1,000 crore (Rs 10 billion) for building four hotels in Bangalore.
IFCI, say sources, owes nearly Rs 500 crore in debt to LIC, which has the option to convert it into equity and take its total stake from 8.4 per cent now to 49%. IFCI's proposed strategic sale has attracted expressions of interest from 10 entities.
British Airways, Lufthansa, Etihad and Singapore Airlines are scouting for an Indian partner that meets the net worth criterion
Finance Minister P Chidambaram and Heavy Industry Minister Santosh Mohan Dev on Friday held discussions on the sale of the government's 10.27 per cent residual stake in the auto major.
NTPC, which currently generates over 43,000 MW, aims to add 14,000 MW capacity by 2017.
"Expression of Interests would be invited shortly for building the cruise terminal that would have a marina, a convention centre, hotels, entertainment places," Mumbai Port Trust deputy chairman Ashok Kumar Bal said.
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